Alright. The guy whose net-worth is a million dollars. What does he do that makes him a millionaire, while the rest of the world is penniless? From listening to various interviewed self-made millionaires on CNBC, Forbes e.t.c, there are habits that the average self-made millionaire has reported to follow, that made them accumulate wealth over time. Out of all their many habits, I only agree with 5 habits. And the reason is these are the habits that I find practical and easy to follow. Because you can start following them, EVEN when you are BROKE. Not only does following these habits put you into the millionaire mindset and kicking your *ss off. They are also, in my opinion, the habits to healthy living.
Number one on the list is…
1. Reading
This is no cliche’ at all. The average self-made millionaire has reported to have attributed their success to reading. And it makes sense. The number one thing that is always important to every millionaire is knowledge of what they are doing. They want to know they are in the right millionaire mindset. They want to know they are signing the right deal. Millionaires want to make sure they are in the right business.
So, what do they do? They look for mentors to guide them through their beginner journey to being a millionaire. When they can afford to, they go for one-on-one physical mentors that they look up to. And when they don’t physically get their ideal mentors, they opt to find them through books.
Reading helps the self-made millionaire have the knowledge to dig out the hidden treasures of the world. It gives them the wisdom to take good risks, which will put them in the higher possibilities of accumulating good rewards to themselves. And that is what the 99% of the penniless world is not doing. So if you want to get into the MILLIONAIRE WORLD even when you are BROKE, you got to love books. It will make your brain be worth a million dollars.
2. Owning Your Successes and Failures
Look, the millionaires know very well that reading alone will not put money into their pockets. What puts money into their pocket, is putting all the wisdom and knowledge into practice. Therefore, the average self-made millionaire knows that to accumulate more wealth into themselves, there is work involved. So, when the self-made millionaire wakes up every morning, they know they have a goal to achieve. And to achieve that goal, they have to do something that will get them closer and closer to the goal. Every single day. They have to take action towards putting money into their pocket.
Now in taking action towards achieving their desired success, the self-made millionaire is also aware that there will always be resistance. They can fail even as they work towards their successes. But they are not afraid of facing these failures. When the self-made millionaire encounters a failure, they own it. When they encounter a success, they cherish it.
Basically, the self-made millionaire takes full responsibility of every win and lose that happens in their life. When they get into a bad partnership, they don’t blame the world for harboring bad people. Instead, they take the blame onto themselves for their inexperience. And they learn from it. The lessons learnt from their failures are the millionaire assets to achieving more success.
So if you are broke and you want to turn the million dollars inside your brain into physical cash, you have to start taking action towards it. And be willing to own all the successes and failures that come with your actions.
3. Keeping Track of Your Daily Expenses
The millionaire knows where their money is coming from. It’s coming from their every day effort to acquiring and accumulating the wealth. Apart from knowing the source of this money, they also want to know where the money is going into. That basically means, the self-made millionaire keeps track of their daily expense. So they know what money they are spending in the groceries. They know what money they are spending on their food every single day. And they know what money is going into their luxury.
To show how they are keeping track of their daily expenses, the average self-made millionaire has reported to be actually documenting their expenses. Some have done this by manually writing them down. While others have reported to be using technology tools, like designing actual excel ‘money-tracking’ sheets.
And if you want to know where you are spending your most money even when you are broke, you have to start adopting the habit of tracking your daily expense. This is basically because, every millionaire knows where most of their money should be directed to. Which is…
4. Investing Your Extra Cash
This is with no doubt the number one habit that sets the million-dollar-worth guy from the rest of the penniless world. Investing. The millionaire knows very well that if they earn money but eat all of them, they will always tend to be growing towards being BROKE. And this is one of the bad risk they do not want to take. Because they therefore want to be making even more money, the millionaires invest every single gold that they do not need in the moment.
Now, in terms of investing, where are they actually investing their money? Again, we go back to the first point above. The millionaire knows that for their money to be safe, they need to have the greatest knowledge and wisdom of protecting their money. They need the mentors in their desired industry to guide them through. So they seek knowledge and wisdom from books and personal mentors, to guide them to the best investments.
Therefore, your secret to getting from the penniless world to the millionaire world, even when you are broke, is starting to invest that single penny that you do not need NOW.
5. Keeping Your Mind Fit
The most important asset to the millionaire is their brain. It’s their engine to being a millionaire every single day. If their mind is not fit enough, everything else is not fit. So, apart from actually feeding their mind with rich food from books and mentors, the millionaires actually have other physical and spiritual habits that keep their minds fit.
One way to keep their mind fit, is meditating. Being a millionaire takes a lot of work. It takes a lot of involvement. To keep themselves present to their world, the average self-made millionaire has reported to adopt the art of meditation. That means, at different points and times of their work, they actually set some time aside to be on their own. And meditate. Not only does this scientifically keep them present to the moment. It also gives them the rejuvenation they need to keep pushing for more gains in their life.
Another thing that keeps the millionaire mentally fit, is the physical activities they do to practice healthy living. That means they are eating healthy foods, and they are practicing healthy activities such as fitness, running, daily walks, etc.
And that wraps up my list of 5 millionaire habits you can follow even when you are broke. To give you a summary of what you can do NOW to get into the MILLIONAIRE mindset, EVEN when you are BROKE:
- Read
- Take Responsibility of Your Successes and Failures
- Keep Track of Your Daily Expenses
- Invest Your EXTRA Cash
- Keep Your Mind FIT
